Mr. Speaker, with regard to part (a), the CRA has obtained and is actively reviewing all the information contained in the paradise papers that was released publicly by the International Consortium of Investigative Journalists, ICIJ, to determine whether an audit had already occurred or whether an audit should be undertaken.
The CRA has identified over 3,000 individuals or corporations with links to the paradise papers. Please note this figure includes those non-residents or taxpayers identified by the CRA prior to the release of information by the ICIJ, who may have been engaged in tax avoidance transactions.
With regard to part (b), to date, no Canadian taxpayer or company has been referred to the Public Prosecution Service of Canada for criminal prosecution as a result of information received from the paradise paper affair.
With regard to part (c), the CRA does not have this information.
With regard to part (d), more than 25 CRA employees have been assigned specific work relating to the paradise papers, including research, data analytics, risk assessments, audits and coordinating efforts with the agency’s international partners.
With regard to part (e), to date, approximately 100 taxpayers with links to the paradise papers have been identified for audit.
Through its international agreements, the CRA continues to obtain the required source documents from other tax administrations. Audits and criminal investigations such as those linked to the paradise papers are complex and, due to those complexities, can require months or years to complete.
With regard to part (f), as of the date of this question, the CRA has not made any reassessments for audits related to the paradise papers, including those audits that had begun prior to the receipt of the information from the release of information by the ICIJ.
The CRA has reported on collection related to offshore compliance projects in the past, several years after the projects were completed to allow time period for the objection rights of taxpayers. The CRA will do so for the paradise papers. The CRA will report on these figures publicly once they are compiled.
Also, the CRA decided to restrict access to the voluntary disclosure program, if the CRA has already received information on a taxpayer’s, or a related taxpayer’s, potential involvement in tax non compliance--for example, a leak of offshore financial information such as the paradise papers. This choice will extend the time to finalize the CRA’s work, but will deliver stronger consequences to those involved in offshore non-compliance schemes.